ADSEO AS: årsregnskap 2024 vs 2023
Slipped into loss, cash halved-plus
approved 2025-06-30; registry 2025-08-13; journal 2025 745771
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADSEO AS. Revenue 29.51m NOK → 30.39m NOK (+3.0%). Net result +125.2k NOK → -520.8k NOK. Equity 440.3k NOK → -80.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADSEO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 29.51m NOK to 30.39m NOK (+3.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +566.9k NOK → -1.59m NOK (op. margin 1.9% → -5.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 125.2k NOK profit to a loss of 520.8k NOK. Calculated
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↓
Equity eroded
Book equity 440.3k NOK → -80.5k NOK (equity ratio 6.6% → -0.9%). Calculated
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↓
Cash fell
Bank deposits 903.6k NOK → 414.7k NOK (-54.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 10.98m NOK → 12.59m NOK (37% → 41% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 12.32m NOK → 13.53m NOK (+9.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 232.8k NOK → 236.5k NOK. Reported fact